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Message Subject Why Is The U.S. Government Holding Tax Refunds?!?!?
Poster Handle Saddletramp
Post Content
Glad you brought it up.

Snip; WASHINGTON Absent an early deal to raise the nation’s debt ceiling, the federal government could run out of ways to pay creditors and Social Security recipients by mid-February, earlier than expected, according to a new analysis released Monday.

Among the unpleasant choices to help stave off a default on U.S. government bonds could be temporarily halting tax refunds, or choosing to pay the Chinese government and other bondholders rather than send Social Security checks to elderly recipients, according to the authors of the report.



Snip2; One of the big question marks is whether the Internal Revenue Service could or would be used to bridge funding shortfalls by delaying tax refunds due to millions of Americans.



Read more here: [link to www.charlotteobserver.com]

Also going to add in 2008 BOTH side said if you stop tax returns we can be out of debt in no time. Never let them owe you money.
 Quoting: Chrit


So basically, the Government has used the money on something else and now doesn't have the money to pay tax refunds...

Well you gotta love that...
 
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